Tianjin Capital Expenditures vs Change To Netincome Analysis

600488 Stock

4.60 0.04 0.88%

Tianjin Tianyao financial indicator trend analysis is much more than just breaking down Tianjin Tianyao Phar prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianjin Tianyao Phar is a good investment. Please check the relationship between Tianjin Tianyao Capital Expenditures and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianjin Tianyao Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianjin Tianyao Phar Capital Expenditures account and Change To Netincome. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tianjin Tianyao's Capital Expenditures and Change To Netincome is 0.67. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Tianjin Tianyao Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Tianjin Tianyao's Capital Expenditures and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Tianjin Tianyao Pharmaceuticals are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Capital Expenditures i.e., Tianjin Tianyao's Capital Expenditures and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Tianjin Tianyao Phar to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Tianjin Tianyao operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Change To Netincome

Most indicators from Tianjin Tianyao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianjin Tianyao Phar current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianjin Tianyao Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 1.2 B, whereas Tax Provision is forecasted to decline to about 5.3 M.

	2021	2022	2023	2024 (projected)
Operating Income	239.2M	246.9M	244.3M	157.1M
Total Revenue	3.7B	3.7B	3.8B	4.0B

Operating Income Total Revenue

Tianjin Tianyao fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.46	0.93	0.88	0.74	0.95	0.82	0.35	0.81	0.07	0.86	0.76	-0.18	0.95	0.73	0.83	0.85	-0.23	0.73	0.83	0.84	0.43	0.76	0.53	0.88	0.87
Other Current Liab	0.46		0.45	0.48	0.04	0.54	0.2	-0.21	0.21	-0.38	0.57	0.66	-0.05	0.35	0.06	0.45	0.25	0.17	0.29	0.2	0.17	0.03	0.28	0.2	0.33	0.32
Total Current Liabilities	0.93	0.45		0.69	0.77	0.82	0.86	0.17	0.84	-0.09	0.7	0.72	-0.15	0.96	0.76	0.65	0.81	-0.19	0.73	0.83	0.87	0.49	0.79	0.65	0.91	0.9
Total Stockholder Equity	0.88	0.48	0.69		0.48	0.94	0.59	0.54	0.57	0.14	0.87	0.78	-0.16	0.69	0.47	0.98	0.71	-0.25	0.58	0.54	0.57	0.17	0.59	0.26	0.6	0.59
Other Liab	0.74	0.04	0.77	0.48		0.58	0.89	0.19	0.97	0.03	0.56	0.38	-0.24	0.82	0.95	0.43	0.92	-0.63	0.85	0.89	0.86	0.49	0.73	0.52	0.93	0.91
Retained Earnings	0.95	0.54	0.82	0.94	0.58		0.7	0.38	0.67	0.0	0.9	0.84	-0.22	0.81	0.57	0.91	0.77	-0.16	0.69	0.67	0.71	0.26	0.71	0.34	0.75	0.74
Accounts Payable	0.82	0.2	0.86	0.59	0.89	0.7		0.21	0.94	0.1	0.6	0.66	-0.29	0.86	0.91	0.54	0.93	-0.56	0.86	0.78	0.75	0.46	0.93	0.48	0.91	0.9
Cash	0.35	-0.21	0.17	0.54	0.19	0.38	0.21		0.18	0.22	0.4	0.11	-0.34	0.21	0.3	0.64	0.33	-0.32	0.22	0.08	0.15	-0.33	0.31	-0.09	0.1	0.02
Other Assets	0.81	0.21	0.84	0.57	0.97	0.67	0.94	0.18		0.02	0.67	0.53	-0.23	0.87	0.95	0.51	0.97	-0.61	0.91	0.88	0.83	0.43	0.83	0.46	0.96	0.94
Long Term Debt	0.07	-0.38	-0.09	0.14	0.03	0.0	0.1	0.22	0.02		-0.08	-0.02	0.43	0.08	0.0	0.05	0.04	-0.18	-0.19	0.06	-0.09	0.3	-0.05	-0.13	-0.05	0.01
Net Receivables	0.86	0.57	0.7	0.87	0.56	0.9	0.6	0.4	0.67	-0.08		0.65	-0.27	0.72	0.58	0.87	0.76	-0.23	0.72	0.64	0.64	0.05	0.62	0.21	0.71	0.68
Inventory	0.76	0.66	0.72	0.78	0.38	0.84	0.66	0.11	0.53	-0.02	0.65		-0.1	0.64	0.37	0.7	0.61	-0.1	0.56	0.4	0.43	0.27	0.73	0.25	0.57	0.6
Other Current Assets	-0.18	-0.05	-0.15	-0.16	-0.24	-0.22	-0.29	-0.34	-0.23	0.43	-0.27	-0.1		-0.15	-0.39	-0.28	-0.3	0.23	-0.36	-0.13	-0.13	0.11	-0.42	-0.12	-0.25	-0.19
Total Liab	0.95	0.35	0.96	0.69	0.82	0.81	0.86	0.21	0.87	0.08	0.72	0.64	-0.15		0.81	0.63	0.83	-0.21	0.71	0.91	0.9	0.56	0.77	0.63	0.95	0.94
Intangible Assets	0.73	0.06	0.76	0.47	0.95	0.57	0.91	0.3	0.95	0.0	0.58	0.37	-0.39	0.81		0.45	0.92	-0.66	0.83	0.8	0.76	0.34	0.82	0.48	0.9	0.85
Common Stock	0.83	0.45	0.65	0.98	0.43	0.91	0.54	0.64	0.51	0.05	0.87	0.7	-0.28	0.63	0.45		0.67	-0.23	0.57	0.49	0.54	0.06	0.55	0.25	0.55	0.52
Property Plant Equipment	0.85	0.25	0.81	0.71	0.92	0.77	0.93	0.33	0.97	0.04	0.76	0.61	-0.3	0.83	0.92	0.67		-0.67	0.92	0.81	0.77	0.32	0.85	0.38	0.91	0.88
Short Term Investments	-0.23	0.17	-0.19	-0.25	-0.63	-0.16	-0.56	-0.32	-0.61	-0.18	-0.23	-0.1	0.23	-0.21	-0.66	-0.23	-0.67		-0.59	-0.28	-0.2	0.0	-0.45	-0.07	-0.4	-0.35
Net Tangible Assets	0.73	0.29	0.73	0.58	0.85	0.69	0.86	0.22	0.91	-0.19	0.72	0.56	-0.36	0.71	0.83	0.57	0.92	-0.59		0.73	0.74	0.15	0.82	0.29	0.83	0.8
Other Stockholder Equity	0.83	0.2	0.83	0.54	0.89	0.67	0.78	0.08	0.88	0.06	0.64	0.4	-0.13	0.91	0.8	0.49	0.81	-0.28	0.73		0.95	0.64	0.59	0.59	0.94	0.95
Long Term Investments	0.84	0.17	0.87	0.57	0.86	0.71	0.75	0.15	0.83	-0.09	0.64	0.43	-0.13	0.9	0.76	0.54	0.77	-0.2	0.74	0.95		0.54	0.6	0.65	0.9	0.9
Short Long Term Debt	0.43	0.03	0.49	0.17	0.49	0.26	0.46	-0.33	0.43	0.3	0.05	0.27	0.11	0.56	0.34	0.06	0.32	0.0	0.15	0.64	0.54		0.21	0.62	0.55	0.65
Total Current Assets	0.76	0.28	0.79	0.59	0.73	0.71	0.93	0.31	0.83	-0.05	0.62	0.73	-0.42	0.77	0.82	0.55	0.85	-0.45	0.82	0.59	0.6	0.21		0.28	0.79	0.76
Short Term Debt	0.53	0.2	0.65	0.26	0.52	0.34	0.48	-0.09	0.46	-0.13	0.21	0.25	-0.12	0.63	0.48	0.25	0.38	-0.07	0.29	0.59	0.65	0.62	0.28		0.59	0.59
Non Current Assets Total	0.88	0.33	0.91	0.6	0.93	0.75	0.91	0.1	0.96	-0.05	0.71	0.57	-0.25	0.95	0.9	0.55	0.91	-0.4	0.83	0.94	0.9	0.55	0.79	0.59		0.99
Non Currrent Assets Other	0.87	0.32	0.9	0.59	0.91	0.74	0.9	0.02	0.94	0.01	0.68	0.6	-0.19	0.94	0.85	0.52	0.88	-0.35	0.8	0.95	0.9	0.65	0.76	0.59	0.99

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Tianjin Tianyao Account Relationship Matchups

Tianjin Tianyao fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.3B	6.2B	6.3B	6.7B	6.1B	3.6B
Other Current Liab	278.7M	342.7M	352.9M	17.6M	16.9M	16.0M
Total Current Liabilities	1.8B	1.8B	2.0B	2.3B	1.9B	1.0B
Total Stockholder Equity	2.9B	3.0B	3.0B	3.0B	3.0B	2.1B
Other Liab	115.4M	145.7M	137.1M	158.0M	181.7M	190.8M
Retained Earnings	1.3B	1.3B	1.4B	1.4B	1.3B	720.8M
Accounts Payable	505.0M	592.2M	565.9M	792.9M	719.6M	755.5M
Cash	245.9M	244.4M	232.2M	647.7M	718.9M	376.3M
Other Assets	421.6M	539.9M	561.4M	554.2M	637.3M	669.2M
Net Receivables	364.3M	378.6M	501.1M	342.1M	430.0M	277.0M
Inventory	1.3B	1.1B	975.6M	1.2B	725.6M	753.7M
Other Current Assets	37.3M	33.8M	47.6M	17.9M	6.9M	6.6M
Total Liab	1.7B	2.4B	2.5B	2.9B	2.4B	1.3B
Intangible Assets	167.1M	252.0M	342.0M	427.9M	472.1M	495.7M
Property Plant Equipment	2.5B	3.0B	3.2B	3.3B	3.9B	4.0B
Net Tangible Assets	2.9B	2.9B	2.8B	2.7B	3.1B	3.0B
Other Stockholder Equity	109.6M	244.5M	207.9M	170.4M	195.9M	100.2M
Short Long Term Debt	494.7M	830.6M	588.6M	648.3M	270.3M	441.2M
Total Current Assets	2.0B	1.9B	1.9B	2.4B	2.1B	2.2B
Non Current Assets Total	3.4B	4.3B	4.5B	4.3B	4.0B	3.7B
Non Currrent Assets Other	272.4M	371.0M	378.3M	338.7M	287.2M	267.0M
Non Current Liabilities Total	89.0M	598.0M	504.6M	616.8M	448.9M	424.1M
Deferred Long Term Liab	103.3M	134.0M	151.0M	175.1M	201.4M	127.7M
Net Invested Capital	3.4B	4.2B	3.9B	4.1B	3.5B	4.0B
Net Working Capital	246.1M	81.0M	(141.0M)	80.4M	167.8M	259.5M
Net Debt	248.8M	988.6M	723.6M	459.2M	528.1M	629.1M

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Other Information on Investing in Tianjin Stock

Balance Sheet is a snapshot of the financial position of Tianjin Tianyao Phar at a specified time, usually calculated after every quarter, six months, or one year. Tianjin Tianyao Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tianjin Tianyao and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Tianjin currently owns. An asset can also be divided into two categories, current and non-current.

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Tianjin Capital Expenditures vs Change To Netincome Analysis

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

Correlation Coefficient

Capital Expenditures

Change To Netincome

Tianjin Tianyao fundamental ratios Correlations

Tianjin Tianyao Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tianjin Tianyao fundamental ratios Accounts

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Other Information on Investing in Tianjin Stock

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Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Common Stock	+ 0.98	Total Stockholder Equity
Other Assets	+ 0.97	Other Liab
Property Plant Equipment	+ 0.97	Other Assets
Total Liab	+ 0.96	Total Current Liabilities
Non Current Assets Total	+ 0.96	Other Assets

Short Term Investments	- 0.67	Property Plant Equipment
Short Term Investments	- 0.66	Intangible Assets
Short Term Investments	- 0.63	Other Liab
Short Term Investments	- 0.61	Other Assets
Net Tangible Assets	- 0.59	Short Term Investments
Short Term Investments	- 0.56	Accounts Payable